Deed of covenant for production of documents

legal1By Accommodation Times News Services

By S. Selvakumar, Advocate, Bangaluru

Transfer of immovable by way of of sales, gift, will, release etc., presupposes that the documents relating of the title of the immovable property transferred are delivered to the transferee on completion of the transfer process. This is a statutory obligation. Section 55(3) of Transfer of Property Act, puts this responsibility on the seller.

However, in cases where only a portion of the property is sold and the seller retains the remaining portion, the vendor is entitled to retain the original documents, and provide to the purchaser only copies of the title documents.

Similarly, in cases where the property is transferred to different persons, in different lots, the transferee of greatest portion is entitled to hold the original documents of title and the remaining purchasers are provided with only copies of these documents.

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